§ 23-1-45-4 — Revocation of dissolution

(a) A corporation may revoke its dissolution
within one hundred twenty (120) days of its effective date.
(b) Revocation of dissolution must be authorized in the same
manner as the dissolution was authorized unless that authorization
permitted revocation by action by the board of directors alone, in which
event the board of directors may revoke the dissolution without
shareholder action.
(c) After the revocation of dissolution is authorized, the corporation
may revoke the dissolution by delivering to the secretary of state for
filing articles of revocation of dissolution, together with a copy of its
articles of dissolution, that set forth:
(1) the name of the corporation;
(2) the effective date of the dissolution that was revoked;
(3) the date that the revocation of dissolution was authorized;
(4) if the corporation's board of directors (or incorporators)
revoked the dissolution, a statement to that effect;
(5) if the corporation's board of directors revoked a dissolution
authorized by the shareholders, a statement that revocation was
permitted by action by the board of directors alone pursuant to
that authorization; and
(6) if shareholder action was required to revoke the dissolution,
the information required by section 3(a)(3) of this chapter.
(d) Unless a delayed effective date is specified, revocation of
dissolution is effective when articles of revocation of dissolution are
filed.
(e) When the revocation of dissolution is effective, it relates back to
and takes effect as of the effective date of the dissolution and the
corporation resumes carrying on its business as if dissolution had never
occurred.

Legislative History

As added by P.L.149-1986, SEC.29.